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20110722
20110722
Search Results 0 to 4 of about 5 (some duplicates have been removed)
for it for the time being? mitt romney is happy, tim pawlenty, jon huntsman, chasing romney, and frankly chasing michele bachmann, not so happy about it. >>> john boehner isn't the only leader feeling heat from members of his own party. president obama is now hearing from a lot of democrats including senate democrats who aren't sure they like where the debt talks are heading. >>> joining me now senator claire mccaskill, she's a democrat from missouri and somewhat who likes to speak her mind. senator, nice to see you this morning. >> thanks, chuck. >> all right, the outlines of this deal that we're hearing about that would have cuts up front and the revenue conversation on taxes taking place over the next 18 months with penalties, if nothing gets implemented, is a broad outline. i know you want to see details. what do you think? >> well, you know, first of all, i've been working on cuts for a long time, and jeff sessions and i came close to passing a cap on spending even before last november's elections. so, i think that cuts are very important. having said that. i think it's going to be very imp
security check riding on the outcome. abc's jon karl joins us now, from washington, with the latest. what about it? how close are we finally to a deal? >> reporter: getting close to a deal with the house speaker, john boehner. the outlines of this deal include up to $3 trillion in spending cuts over the next ten years including some cuts to popular entitlement programs like medicare and social security. also, elizabeth, it would include a promise or a commitment that congress would bring more money in through tax revenues by reforming the code, closing some of those loopholes. that's something that congress would act on over this last year. >> that last one, isn't that disguise? a tax increase in >> reporter: well, certainly some will call it that. the rates won't go up. congress would have to act over the next year. if they didn't ago, automatic steps would be taken that both sides wouldn't like which would be tax hikes and spending cuts. possibly, elizabeth, they're talking about repealing part of the health care bill. >> even if president obama and speaker boehner reach a deal they hav
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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